Starts Corporation (8850) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 5.8% YoY to ¥125,507 million; operating profit rose 2.7% to ¥16,452 million, while profit attributable to owners of parent fell 1.2% to ¥10,706 million.

• Net assets increased to ¥201,489 million from ¥192,571 million at March 31, 2026; equity-to-asset ratio improved to 55.5% from 53.5%.

Financial highlights

• Gross profit increased to ¥40,967 million from ¥38,757 million; SG&A rose to ¥24,514 million from ¥22,738 million.

• Ordinary profit was ¥16,553 million, essentially unchanged from ¥16,549 million; profit attributable to owners of parent was ¥10,706 million versus ¥10,836 million.

• Comprehensive income was ¥10,790 million versus ¥10,846 million in the prior-year half.

Outlook and guidance

• FY2027 guidance: net sales ¥290,000 million (+15.1% YoY), operating profit ¥40,000 million (+10.3%), ordinary profit ¥39,000 million (+2.0%), and attributable profit ¥26,000 million (+2.7%).

• Forecast basic EPS is ¥548.50; no revisions were made to the latest earnings forecast.

• FY2027 annual dividend forecast is ¥150 per share, including ¥75 for the second quarter and ¥75 at fiscal year-end; dividend forecast unchanged.